In recent decades, Zimbabwe's development record has been disappointing. In the last few years, a severe drought and the Covid-19 pandemic have added to the country's development challenges. This paper is concerned with the long-run need to find a path toward faster growth in GDP, employment,...

The share of private consumption in gross domestic product is significant; therefore, private consumption has a great influence on economic growth, which makes it a major concept in economics. The purpose of the paper is to estimate and evaluate different forecasting models for private...

Der private Verbrauch hat sich in den letzten Jahren in der Bundesrepublik nur schwach entwickelt. Stattdessen wurde vermehrt gespart. Ein großer Teil der Haushalte - 40 Prozent - kann allerdings kein Geld zurücklegen. Sparen können vor allem die Bezieher hoher Einkommen. Die zunehmende...

Minimum unit pricing (MUP) sets a floor price on a unit of alcohol to prevent the sale of 'cheap' drinks, with the aim of reducing alcohol related harm. MUP was introduced in Scotland on 1 May 2018 at 50p per unit. This study estimates the financial cost to consumers in the four years since...

The process of transition and growth in Central and Eastern Europe (CEE) provides interesting insights, considering the countries' historical relationship with the Soviet Union. The 20 years after the Eastern enlargement of the European Union show an integrative power within the Single Market....

The aim of this paper is to analyse the effects of tourism consumption on imports. The basic idea is that conversion of tourism expenditure into value added and GP depends on the effect of the former on imports. Imports are leakages that reduce the economic impact of tourism in a destination and...

This paper sets up a model of private consumption for selected EU countries with special emphasis on the consumption categories heating and transport. Sustainable consumption patterns require a "decoupling" of energy or materials use from satisfaction of consumers' needs and demands. Starting...

This paper proposes a cumulative error correction model where the summing weights follow a geometrically decreasing function of prior deviations from equilibrium and are estimated from the data. It is shown that this approach is located in between the traditional error correction model - where...

This paper studies the consumption response to an increase in the domestic value of foreign currency household debt during a large depreciation. We use detailed consumption survey data that follows households for four years around Hungary's 2008 currency crisis. We find that, relative to similar...